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Triton Emission Solutions Piotroski F-Score

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The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Triton Emission Solutions has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Triton Emission Solutions's Piotroski F-Score or its related term are showing as below:


Triton Emission Solutions Piotroski F-Score Historical Data

The historical data trend for Triton Emission Solutions's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Triton Emission Solutions Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 3.00 3.00 4.00 4.00

Triton Emission Solutions Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 4.00 5.00 4.00 5.00

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar20) TTM:Last Year (Mar19) TTM:
Net Income was -0.165 + -1.051 + 0.719 + -1.149 = $-1.65 Mil.
Cash Flow from Operations was -0.001 + -0.015 + -0.002 + 0 = $-0.02 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Mar19)
to the end of this year (Mar20) was
(0.009 + 0.009 + 0.02 + 0.014 + 0.01) / 5 = $0.0124 Mil.
Total Assets at the begining of this year (Mar19) was $0.01 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.01 Mil.
Total Current Liabilities was $19.26 Mil.
Net Income was -0.417 + -0.381 + -0.238 + -0.852 = $-1.89 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Mar18)
to the end of last year (Mar19) was
(0.01 + 0.004 + 0.016 + 0.015 + 0.009) / 5 = $0.0108 Mil.
Total Assets at the begining of last year (Mar18) was $0.01 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.01 Mil.
Total Current Liabilities was $17.61 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Triton Emission Solutions's current Net Income (TTM) was -1.65. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Triton Emission Solutions's current Cash Flow from Operations (TTM) was -0.02. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar19)
=-1.646/0.009
=-182.88888889

ROA (Last Year)=Net Income/Total Assets (Mar18)
=-1.888/0.01
=-188.8

Triton Emission Solutions's return on assets of this year was -182.88888889. Triton Emission Solutions's return on assets of last year was -188.8. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Triton Emission Solutions's current Net Income (TTM) was -1.65. Triton Emission Solutions's current Cash Flow from Operations (TTM) was -0.02. ==> -0.02 > -1.65 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar19 to Mar20
=0/0.0124
=0

Gearing (Last Year: Mar19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar18 to Mar19
=0/0.0108
=0

Triton Emission Solutions's gearing of this year was 0. Triton Emission Solutions's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar20)=Total Current Assets/Total Current Liabilities
=0.01/19.258
=0.00051926

Current Ratio (Last Year: Mar19)=Total Current Assets/Total Current Liabilities
=0.009/17.61
=0.00051107

Triton Emission Solutions's current ratio of this year was 0.00051926. Triton Emission Solutions's current ratio of last year was 0.00051107. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Triton Emission Solutions's number of shares in issue this year was 88.195. Triton Emission Solutions's number of shares in issue last year was 88.195. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Triton Emission Solutions's gross margin of this year was . Triton Emission Solutions's gross margin of last year was . ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar19)
=0/0.009
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar18)
=0/0.01
=0

Triton Emission Solutions's asset turnover of this year was 0. Triton Emission Solutions's asset turnover of last year was 0. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+1+1+1+1+0+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Triton Emission Solutions has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Triton Emission Solutions  (OTCPK:DSOX) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Triton Emission Solutions Piotroski F-Score Related Terms

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Triton Emission Solutions Business Description

Triton Emission Solutions logo
Traded in Other Exchanges
N/A
Address
c/o 1130 West Pender Street, Unit 820, Vancouver, BC, CAN, V6E 4A4
Triton Emission Solutions Inc is engaged in the development and marketing of emission abatement technologies for the marine industry to remove sulfur from marine fuel. Its products and technologies include Njord Exhaust Gas Scrubber System, DSOX Pre-Combustion Fuel Purification Systems, and Bio Scrubber. Its Njord Exhaust Gas Scrubber System is used to clean the exhaust gases from excess sulfur following the internal combustion process within ships engine. Its DSOX Pre-Combustion Fuel Purification Systems is a pre-combustion de-sulfurization technology, which is designed to remove alkali metals, such as sulfur and sodium, from heavy marine fuel. Geographically, the activities are carried out through the region of United States.
Executives
Kopple Robert C. director, 10 percent owner 10866 WILSHIRE BLVD., SUITE 1500 LOS ANGELES CA 90024
Jeffs Richard 10 percent owner FLAT 7 6 ENNISMORE GARDENS LONDON X0 SW7 1NL
Dacosta Joao director, officer: CEO, President, CFO #810 - 789 WEST PENDER STREET VANCOUVER A1 V6C 1H2

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